NFT QE

2022-05-19 18:11:43 FTX launches stock trading platform

West Realm Shires Services, owner and operator of FTX US, announced the upcoming launch of FTX Stocks, a stock trading service that will be available directly through the FTX US trading app.

The new platform will include trading and investing in hundreds of US-listed stocks, including common stocks and exchange-traded funds.

The FTX Stocks platform will initially be available in closed beta to select US customers selected from a waiting list. The platform will also route all orders through Nasdaq to ensure transparent trade execution and fair pricing.

“With the launch of FTX Stocks, we have created a single, integrated platform for retail investors to easily trade cryptocurrencies, NFTs and traditional stock offerings through a transparent and intuitive user interface,” said FTX US President Brett Harrison.

According to the announcement, FTX Stocks will be the first platform to allow retail investors to fund their accounts with fiat-backed stablecoins. Open / Comment

2022-05-19 15:08:00 Tesla is excluded from the S&P 500 ESG index, and what

The S&P 500 ESG is not the S&P Index 500, it is a separate index that ranks companies on environmental, environmental and governance issues.

Along with Tesla, Berkshire Hathaway, Johnson & Johnson and Meta flew out of ESG, and is now being taken over by its oil giant Exxon.

Elon Musk does not understand how electric car manufacturers are excluded from the index with an emphasis on environmental protection, but he guards Exxon. He responded with a meme that the ESG index is how much business is in line with the leftist agenda.

And he added that now he will vote for the Republicans Open / Comment

2022-05-19 12:36:10 Briefly on the situation on the market from a16z fund

5 main theses:

We are in the middle of the "price-innovation" cycle

All markets are cyclical, even the crypto market. Price is a key factor that attracts developers and investors to a project. Then new ideas, startups are born.

As Benjamin Graham said, "It's better to build." Whoever left the market after the dot-com bubble lost the boom of social networks, streaming services, games, etc.

Web3 is many times better for creators than Web2

YouTube, AppStore, Meta take from 30% commission from the earnings of content makers. At the same time, OpenSea - only 2.5%.

Let's calculate the income per 1 creator:
Web3 is $174,000 per creator, Meta is $0.10 per user, Spotify is $636 per artist, and YouTube is $2.47 per channel.

"You understand that something is deeply wrong with our economy, Big Tech takes more% than the mafia."

Crypto affects the world

More than 1.7 billion people do not have bank accounts. The demand for DeFi and stablecoins has skyrocketed over the past few years, even with the recent downturn.

Of course, there is a risk in the form of UST/LUNA. But the SCAM of some African bank has the same probability.

Ethereum is a clear leader, but faces competition

ETH's leadership is due to its early launch and the trust of over 4,000 developers. Ethereum sacrifices the speed and cost of transactions in favor of decentralization [and security].

Layer-2 solutions are called upon to solve the scalability problem: optimistic, zk-rollups.

We are at an early stage

Today there are 7-50 million Ethereum users. So many users were on the Internet by 1995.

If the trend continues, by 2031 we will have 1 billion Web3 users. This is by analogy with the Internet in 2005, when the giants of the industry YouTube, Facebook Open / Comment

2022-05-19 11:20:01 Yesterday there was a mini-surrender of altcoins. It's good that there was no second LUNA on the market to cause a panic

Bitcoin has withstood the fall of the S&P 500 (↓4.04%) and Nasdaq (↓4.73%) stock indices, which nullified their recent rebound. U.S. stock futures are down today, so we can expect a second round of selloff

BTC stopped the fall at $29k, but the technical picture for it worsened and without a quick return to $30k, the scenario of a decline to $28k becomes a priority Open / Comment

2022-05-19 10:05:24 Meta has filed a trademark application for the Meta Pay payment platform

Meta has filed five trademark applications for the new Meta Pay digital platform.

Meta Pay is described as "an online social networking service for investors to make financial transactions and exchange digital currency, virtual currency, cryptocurrency, digital and blockchain assets, digital tokens and crypto tokens."

According to the filing, Meta Pay will also offer digital asset lending services.

In December 2021, the company acquired the MetaPay domain name for $60 million.

The company previously closed its Diem stablecoin project amid significant opposition from regulators around the world. The project assets were later sold to the American crypto bank Silvergate. Open / Comment

2022-05-18 17:53:38 Binance is negotiating a license in Germany

Cryptocurrency exchange Binance is negotiating a license in Germany.

This was announced by Binance CEO Changpeng Zhao at the Finance FWD conference in Hamburg.

“We hope to get a license in Germany. Our team is in communication with regulators and based on secondary feedback, negotiations are going well,” he said.

The exchange received early approval from the French regulators Open / Comment

2022-05-18 16:43:06 USDC stablecoin capitalization added $4 billion in seven days

Part of these funds were shifted from USDT, whose capitalization decreased by $9 billion over the same period.

P.S. Both stablecoins are currently trading just below $1 Open / Comment

2022-05-18 14:04:20 How are the ether killers doing?

L1 blockchains were created with the goal of beating Ethereum and offering cheaper and faster transactions.

A year and a half later, Ethereum is the leader in NFT and DeFi, and its competitors have sank by 80-100%. While Ethereum fell only 55%.

Conclusion - do not judge the project by a bullish cycle! Open / Comment

2022-05-18 12:23:34 There is a contraction in volatility and the formation of a triangle at 4H in Bitcoin, both of which indicate the preparation of an impulsive price movement. The bullish scenario implies a return of $34k, but it is hampered by the lack of demand for BTC. In turn, the bears may try to retest the $26k level, where the buyer can be expected to return to the market

Extreme fear in the market and the onset of the BTC season did not lead to a significant reduction in the share of Ethereum. The top 2 cryptocurrencies are showing more and more signs of independence in the crypto market, this is helped by hopes of finally seeing ETH 2.0 in a few months Open / Comment

2022-05-18 10:59:48 Robinhood announced the release of a new crypto wallet

Trading company Robinhood plans to release a new crypto wallet focused on decentralized finance (DeFi) by the end of 2022.

Users of the new Web3 wallet will be able to take crypto loans, stake digital assets, earn income through yield farming, buy NFTs, and work with decentralized exchanges (DEXs).

Thus, the new wallet from Robinhood will become a direct competitor to MetaMask.

Wallet testing will begin in the summer, the waiting list is already open.

Robinhood Crypto CTO Johann Kerbrath revealed that the new wallet will be specifically designed for users looking for “advanced use cases” for cryptocurrencies. Open / Comment